TSL Express Daily Articles & News

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced that it has provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli.

Authentic Brands said it had secured a deal with asset-based lender Secure Trust Bank Commercial Finance (STB CF), which had agreed to provide a “long-term secured asset-based facility” to Ted Baker operator AARC.

Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that the Company executed a previously announced senior secured green term loan facility of up to $436.0 million (the “Credit Facility”) with a group of international banks and export credit agencies co-arranged and co-underwritten by Credit Agricole Corporate and Investment Bank and Société Générale, and with Société Générale as Green Loan Coordinator.

Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million.

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has closed its previously announced $500 million revolving credit facility.

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced plans to market for sale an additional tranche of neighborhood pharmacy leases, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.

Willkie Farr & Gallagher LLP today announced that Simon Baskerville has joined the Firm as a partner in the Business Reorganization & Restructuring Department, based in the Firm’s London office. He will serve as a Co-Chair of the European Restructuring Group.

Wells Fargo & Company (NYSE: WFC) today announced that Clay Hale has joined the Corporate & Investment Bank (CIB) as co-head of Equity Capital Markets (ECM) within the Banking division. He will co-lead the ECM team alongside Jill Ford, who joined the Company in September of this year.

TD Bank Group (TSX: TD) (NYSE: TD) ("TD") today announced the significant expansion of its Global Financial Institutions ("FIG") Investment Banking coverage in the US as well as other product areas, including Equity Sales, Equity Capital Markets, Debt Capital Markets, and Equity Research. With these additions, the TD Securities Global FIG team will offer a full suite of products and services to a growing group of Financial Institutions clients.

Cahill Gordon & Reindel LLP announced today that Peter J. Rooney and James Z. Fang have joined the firm as partners in the M&A and Corporate Advisory practice.

Following the announcement of Kenneth Kaestner’s appointment to Lakeland’s Asset Based Lending team in October, the Bank is proud to announce Diane Williams has also joined the team serving as Vice President, Senior Relationship Manager.

Eclipse Business Capital LLC (“EBC”) announced that it has provided a $40 million senior secured ABL credit facility to a Canadian media company. The credit facility is secured by accounts receivable and inventory.

Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $25 million senior secured credit facility to a U.S.-based designer and marketer of fitness equipment.

Macquarie Asset Management today announced the appointment of Vivek Bommi as Head of Leveraged Credit, one of the three capability offerings of the firm’s Credit platform, along with Fixed Income and Private Credit. In this role, he will have overall responsibility for the firm’s Leveraged Credit capabilities including portfolio, team and business management, including being named a portfolio manager on the team’s registered high yield and bank loan funds in the US.

Dykema, a leading national law firm, today announced the addition of Christopher Cahill as a Senior Counsel in the firm’s Corporate and Finance Practice Group resident in the firm’s Chicago office. Cahill joins Dykema from Aegis Law and after practicing as a Partner with L&G Law Group, LLP for more than a decade. ​

Exectras, the go-to provider for SMBs seeking everyday business services, including merchant services, payroll, health insurance and workers’ compensation, today announced the completion of debt financing from Tacora Capital for up to $30 million.

Fifth Third is proud to announce it has been named “Bank of the Year” for the U.S. 2023 by The Banker. This annual award program recognizes industry-wide excellence within the global banking community.

Bridge Bank today announced that its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten, a leading technology and fulfillment company based in New York. Gooten will use the funds for continued growth and expansion.

Charvi Gupta, a Director at Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, has been honored as one of the American Bankruptcy Institute’s (ABI) 40 Under 40 Emerging Leaders in Insolvency Practice for 2023.

Cadence Bank ("Cadence" or the "Company") (NYSE: CADE) announced it has closed the previously disclosed sale of its insurance operations, Cadence Insurance, Inc. ("Cadence Insurance"), to Arthur J. Gallagher & Co. ("Gallagher") (NYSE: AJG) for $904 million in cash, subject to customary purchase price adjustments